![]() ![]() Seasoning requirements are often measured in years, not months. Statistically, 80% of Americans cannot walk to into a bank today and qualify for a loan, and most people can’t just put down 20% in cash for a down payment.Įven well-qualified buyers are turned down for financing all the time, and seemingly iron-clad offers fall through last minute, over-and-over due to funding issues more than any other reason. ![]() On top of that, thanks to the “mortgage meltdown” and subsequent government regulations, getting a mortgage can be tough. So pair that with price reductions, selling fees, commissions, and paying the buyer’s closing costs, you’re losing out on quite a bit of money. Since you’re the one selling, if you want to consummate the sale, you will likely have to concede to paying a portion of the buyer’s closing costs. The average listing commission today is 6%, and every buyer expects you’ll pay closing costs. A lot of work goes into it: finding the right Realtor, staging, open houses, multiple showings, offers & counter-offers, and a lot of stress can happen too: nitpicky buyers, a long list of repairs (both before inspections and more after the inspections), an unstable real estate market, not to mention the time and cost that goes into the sale of a house. The fact is, it’s no easy task to sell your house. Depending on your situation, this other option could put a lot more money in your pocket. If you’re considering selling your home or you’ve currently got your home for sale, we thought you should know that there is another viable option to a traditional listing. ![]()
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